
Alhambra, California 91803
This property presents a High-Potential Investment Opportunity with a List Price of $880,000—positioned well above the $773,473 Fair Market Value by -13%. Featuring a Fair Condition Rating (5/10), the home requires a full interior renovation to modernize its 1937 infrastructure. The detached garage offers significant ADU conversion potential, providing a clear path to forced appreciation. Located near major freeways for optimal commuter access, this asset is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in Alhambra.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2904 Front Street Subject | $880,000* List Price | 3 | 2 | 1,463 | $529 | - |
A 2909 Front Sold | $865,000 | 3 | 3 | 1,452 | $596 | 0.0 mi |
B 319 Westmont Drive Sold | $935,000 | 3 | 1 | 1,481 | $631 | 0.7 mi |
C 2305 Westboro Sold | $930,000 | 3 | 2 | 1,783 | $522 | 0.8 mi |
D 2000 La Paloma Avenue Sold | $725,000 | 2 | 1 | 1,127 | $643 | 0.5 mi |
E 2432 Westmont Drive Sold | $932,000 | 3 | 2 | 1,345 | $693 | 0.9 mi |
F 2508 El Paseo Sold | $850,555 | 3 | 1 | 1,156 | $736 | 1.0 mi |
G 1405 Westminster Active | $958,000 List Price | 4 | 3 | 1,573 | $609 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1937 (87 years old) with no evidence of recent renovations. The interior images show a non-standard kitchen setup using a utility sink on a stand rather than built-in cabinetry, and the listing explicitly targets investors for a 'chance to update.' The property likely requires a full rehab of the kitchen, baths, and aging systems to meet modern safety and functional standards.
The property is strategically located with easy access to the I-710, I-10, and I-110 freeways, placing South Pasadena and Downtown Los Angeles just minutes away.
The detached garage offers a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, providing potential for rental income or multi-generational living.
With 3 bedrooms and 2 bathrooms across 1,463 square feet, the home features a desirable single-level floor plan that appeals to a wide range of buyers.
The home is in original condition and requires updates throughout, which will necessitate additional capital investment from the buyer after purchase.
At 4,823 square feet, the lot is relatively compact, which may limit outdoor recreational space if the garage is converted into an ADU.
Welcome to this 3-bedroom, 2-bath single-story home offering a great opportunity to update and make it your own. Ideal for both owner-occupants and investors, the home features a functional layout, mature fruit trees in the backyard, and a detached garage with possible ADU conversion potential for additional living space or rental income. Conveniently located near shopping centers, supermarkets, restaurants, and public transportation, this home also offers easy access to the I-710, I-10, and I-110 freeways, making South Pasadena and Downtown Los Angeles just minutes away. A great chance to update and create a home that fits your style and needs!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,463 | 1,371.5 | 63% |
| Lot Size | 4,823 | 6,310.5 | 34% |
| Price | $880.0K | $931.0K | 44% |
| Price per sq ft | $602 | $699 | 19% |
| Built year | 1937 | 1938 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 122 | 6% |
May 22, 2026
$880,000
Initial Listing